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Troubled Blackburn Steel Firm Mercer and Sons Has Called in Administrators

Steel News - Published on Thu, 11 Jul 2019

Image Source: Lancashire Telegraph
Lancashire Telegraph reported that administrators have been called in again at one of Blackburn’s oldest industrial firms. Troubled Mercer and Sons, in Pump Street, has been closed for more than a week. The firm’s website is down and calls to their offices have remained unanswered. Their trading address, according to Companies House, has now been switched to Cheshire-based business recovery firm Dow, Schofield and Watts. Around 25 staff were thought to be attached to Mercer and Sons, which began life as an ironmongers in Northgate in 1840 and had operated as a steel stockholders and fastenings provider more recently.

Back in 2016 then-managing director Mr Bill Haggas sold on the GBP 3million a year operation to Walkerbridge, in Accrington, part of the Walker Steel group originally established by Blackburn Rovers benefactor Jack Walker. The assets of the Pump Street firm were then estimated at around GBP 600,000 and Mr Haggas was the fifth generation of his family to oversee the company. But bosses at Walkerbridge confirmed to the Lancashire Telegraph that they offloaded Mercer and Sons to Salford-based Fixings and Tools Ltd last summer.

Several days before the administrators were called in, a charge was registered between Fixings and Tools Ltd and Mercer and Sons for property interests and a long list of equipment and tools.

One of the directors, Mr Peter Dodgeon, had also stepped down in early June, leaving Mr Richard Coffey and Mr Andrew Fisher as the remaining board members.

Some of the workers at Mercer and Sons are understood to have been with the company for more than 30 years and will have to wait to discover where they now stand.

Lancashire Telegraph

https://www.lancashiretelegraph.co.uk/news/17755280.troubled-blackburn-steel-firm-called-administrators/

Source :

Posted By : Ratan Singh on Thu, 11 Jul 2019
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